Savings Calculator

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Calculates the future value of savings based on the initial principal, interest rate, and investment period.

How To Use

How to use this calculator

Start with your values, or try a preset.

Step 1

Enter Initial Investment ($), Annual Interest Rate (%), Investment Period (Years), and Compounding Frequency in the units shown.

Step 2

Read Future Value ($) and Total Interest Earned ($) in the results panel. Results update as you change the inputs.

Step 3

Choose a preset to load an example, then adjust the values for your situation.

Worked Examples

Example calculations

See the inputs and their calculated results.

Scenario 1: Moderate Growth

Initial Investment ($): 1,000; Annual Interest Rate (%): 5; Investment Period (Years): 10; Compounding Frequency: Annually

Future Value ($): 1,628.894627; Total Interest Earned ($): 628.8946268

Scenario 2: Long-term Investment

Initial Investment ($): 5,000; Annual Interest Rate (%): 7; Investment Period (Years): 20; Compounding Frequency: Annually

Future Value ($): 19,348.42231; Total Interest Earned ($): 14,348.42231

Scenario 3: High Interest Rate

Initial Investment ($): 2,000; Annual Interest Rate (%): 10; Investment Period (Years): 5; Compounding Frequency: Quarterly

Future Value ($): 3,277.232881; Total Interest Earned ($): 1,277.232881

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Important

Treat this output as a planning estimate and confirm rates, tax rules, and contract terms before making financial decisions.